NNPC revenue hits N4.571tn in June 2025 amid strong crude oil production and rising gas output, showing steady growth in Nigeria’s energy sector

The Nigerian National Petroleum Company Limited (NNPC) reported generating a total revenue of N4.571tn in June 2025, sustaining a strong upward earnings trend.

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The increase follows a rise in crude oil and gas production, the company’s latest data revealed.

NNPC’s monthly report summary, released in Abuja, highlighted a rebound in upstream activities, with crude oil and condensate production hitting 1.68 million barrels per day, the highest since January.

Gas output also saw a notable boost, reaching 7.581 billion standard cubic feet per day in June, up from 7.352 billion in May and 6.615 billion in February. This marks a consistent recovery in Nigeria’s gas sector.

The report showed NNPC posted N905bn profit after tax for June, while cumulative statutory payments to the Federation from January to May reached N6.961tn, reinforcing its pivotal role in national revenue generation.

Earlier reports indicated NNPC’s revenue had risen to N6tn by May 2025, driven by increased production and operational efficiency.

June’s figures represent the strongest crude and condensate output in five months, rising from 1.63 million barrels per day in May and 1.61 million barrels in April.

Crude oil accounted for 1.42 million barrels per day, while condensate contributed 0.26 million barrels.

Despite this, crude oil and condensate sales in June fell slightly to 21.68 million barrels, down from 24.77 million barrels in May. February recorded the highest sales volume of 25.31 million barrels this year.

The gas sector continued its upward trend with total gas production climbing to 7.581 billion standard cubic feet per day in June.

Daily gas sales increased to 4.742 billion standard cubic feet in June, up from 4.698 billion in May.

The improved performance is linked to better pipeline infrastructure and progress on key projects like the Ajaokuta-Kaduna-Kano (AKK) pipeline, now 83 per cent complete.

“We have completed the River Niger crossing on the AKK pipeline, which was one of the most challenging segments. This has significantly de-risked the rest of the construction,” NNPC said in its strategic update.

Pipeline availability stood at 97 per cent, reflecting less downtime from vandalism and sabotage.

Petrol availability at NNPC Retail Limited stations reached 71 per cent, indicating ongoing distribution challenges.

However, fuel availability was stronger in the North Central, South-South, and North West regions.

The OB3 pipeline project is 96 per cent complete, with ongoing review work at Port Harcourt, Warri, and Kaduna refineries.

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Socially, the NNPC Foundation reported training 67,544 NYSC corps members through its Financial Literacy Programme in June, raising the total trained to 870,383 across Nigeria.